-
Report Shows Steep Drop in California Workers’ Comp IMRs in 1st Half Year
News – Insurance Journal Sep 18, 2020 | 17:32 pmThe number of independent medical reviews used to resolve California workers’ compensation medical disputes fell sharply in the first half of 2020 as the pandemic took a toll on the state’s economy with statewide unemployment spiking to a record level[…]
Read more... -
Arthur J. Gallagher & Co. Acquires Erin P. Collins & Associates in Arizona
News – Insurance Journal Sep 18, 2020 | 13:53 pmArthur J. Gallagher & Co. has acquired Kingman, Ariz.-based Erin P. Collins & Associates Inc. Erin Collins and his associates will continue to operate from their current locations under the direction of Scott Gregory, head of Gallagher’s Southwest region employee[…]
Read more... -
Fire Weather May Improve for Pacific Northwest, No Such Luck for Tinderbox California
News – Insurance Journal Sep 18, 2020 | 12:50 pmRains may bring some reprieve to those suffering from massive blazes in the Pacific Northwest in the next few weeks, but forecasters don’t expect any help for wildfire-plagued California anytime soon. That’s according to briefing call on Friday morning held[…]
Read more... -
Is It Covered? Frozen Pipes.
News – Insurance Journal Sep 18, 2020 | 12:46 pmThis “Is It Covered?” column will examine two real-life claims from the Dakotas involving frozen pipes – one personal lines and the other commercial lines. Both are good examples of how policy language usually governs, even if the result defies[…]
Read more... -
Georgia Port Foreman: No Issues Before Cargo Ship Overturned
News – Insurance Journal Sep 18, 2020 | 12:44 pmA foreman who oversees dock workers at Georgia’s busy shipping terminal for automobiles said Tuesday he saw no problems as hundreds of cars and trucks were loaded onto the cargo ship Golden Ray shortly before the vessel overturned after leaving[…]
Read more... -
Great American, VGM Insurance Launch Golf & Country Club Program
News – Insurance Journal Sep 18, 2020 | 12:29 pmGreat American Insurance Group’s Alternative Markets Division has launched a new program for golf and country clubs across the United States in conjunction with VGM Insurance Services. The program based out of Waterloo, Iowa, was awarded to Great American effective[…]
Read more... -
InsureTech Connect Delays Virtual Conference Until October for Networking Signups
News – Insurance Journal Sep 18, 2020 | 10:30 amFour days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month, ITC will now run from Oct. 19- Oct.[…]
Read more... -
Crew on Boat Where Fire Killed 34 in California Had No Emergency Training
News – Insurance Journal Sep 18, 2020 | 10:12 amCrew members on a dive boat say they were never instructed on emergency procedures before a predawn fire swept through the vessel as it was anchored off the Southern California coast, killing 34 people as they slept below deck, according[…]
Read more... -
NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best
News – Insurance Journal Sep 18, 2020 | 09:55 amHurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires in California, Oregon, and Washington, or Hurricane Laura, according to AM Best. As the storm was more of a flood[…]
Read more... -
New York Charges Johnson & Johnson with Insurance Fraud Over Opioid Claims
News – Insurance Journal Sep 18, 2020 | 09:37 amNew York state filed civil charges on Thursday accusing Johnson & Johnson of insurance fraud for downplaying the risks of opioid painkillers, including to doctors and elderly patients. Governor Andrew Cuomo said the charges by New York’s Department of Financial[…]
Read more... -
KMRD Partners Hires Chaples as Sales, Relationship Manager in Pennsylvania
News – Insurance Journal Sep 18, 2020 | 09:34 amKMRD Partners has hired Greg Chaples to its team as a sales and relationship manager in its Warrington, Penn., office. KMRD Partners is a risk management and human capital consulting and insurance brokerage firm with offices located throughout Pennsylvania. Prior[…]
Read more... -
High Street Insurance Partners Adds Two Partner Agencies to Portfolio
News – Insurance Journal Sep 18, 2020 | 09:25 amLower-middle-market private equity firm Huron Capital announced that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co. Inc. and Millennium Alliance Group LLC (MAG). Both agencies will support High Street’s strategic goals by expanding[…]
Read more... -
Beazley Restructures U.S. Executive Risk Leadership Team
News – Insurance Journal Sep 18, 2020 | 08:07 amBeazley has restructured its Executive Risk leadership structure in the United States, which aims to support greater knowledge sharing and collaboration within the global executive risk teams and will focus on developing innovative insurance solutions that tackle the board-level risks[…]
Read more... -
EU’s Barnier Still Hopes for UK Trade Deal Despite Latest Crisis
News – Insurance Journal Sep 18, 2020 | 04:53 amThe European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible despite a new crisis in the tortuous four-year saga, diplomatic sources told Reuters. Britain left the[…]
Read more... -
Former Bank of England Chief Carney Joins Advisory Board of Allianz’ PIMCO
News – Insurance Journal Sep 18, 2020 | 04:46 amFormer Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world’s biggest bond investment companies, adding to his existing roles with the United Nations and a Canadian asset manager. Carney will work alongside[…]
Read more... -
Londoners Slowly Return to Work After Schools Reopened
News – Insurance Journal Sep 18, 2020 | 04:35 amLondoners are slowly returning to work in offices, factories and stores after children went back to school at the start of the month. Data compiled by Google show workplace attendance has increased slightly in three of the UK capital’s main[…]
Read more... -
What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’
News – Insurance Journal Sep 18, 2020 | 04:23 amSpeaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a broker he knows. “It isn’t a[…]
Read more... -
Paskin Named CEO of Convex Re, Bermuda; Butt Named CEO of Convex Insurance UK
News – Insurance Journal Sep 18, 2020 | 03:50 amConvex Group Ltd., the specialty insurer and reinsurer, announce that Matt Paskin has been appointed as CEO of Convex Re Ltd. (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance UK Ltd. (London). These appointments are subject[…]
Read more... -
Insurance Development Forum Launches Insurance Program for Peruvian Schools
News – Insurance Journal Sep 18, 2020 | 03:34 amThe Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by international organizations, announced the launch of an insurance program for Peru’s public schools. The program is the result of a grant agreement between Germany’s[…]
Read more... -
Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals
News – Insurance Journal Sep 18, 2020 | 03:15 amWhether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions into casualty reinsurance contracts next year, a reinsurance broker representative revealed recently. Amanda Nguyen, U.S. Casualty Solutions Leader for Reinsurance[…]
Read more...